Monday, September 03, 2007
Dealers struggling to sell finance
Most dealers say it is harder to sell cars with finance now than it was just 12 months ago, according to an industry survey conducted by Auto Trader.
The survey questioned a mixture of 94 franchised and independent retailers and found that 60 per cent said it was more difficult to sell finance packages now compared to last year.
Consumers are offered a wide choice of low-cost finance packages from the banks
The findings show that in the past six months just seven per cent of car sales involved dealer finance schemes. As much as 40 per cent were funded by cash and 32 per cent were bought with hire purchase agreements
DATED: 03.09.07
FEED: MT
